According to both the equation of exchange and the quantity theory of money
A. an increase in the money supply will decrease real Gross Domestic Product (GDP).
B. an increase in the money supply will increase real Gross Domestic Product (GDP).
C. a decrease in the money supply will decrease the velocity of money.
D. a decrease in the money supply will decrease the price level.
Answer: D
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Anya has decided to start her own hair-styling salon. To purchase the necessary equipment, Anya withdrew $10,000 from her savings account, which was earning 3% interest, and borrowed an additional $5,000 from the bank at an interest rate of 8%. What is Anya's annual opportunity cost of the financial capital that has been invested in the business?
a. $300 b. $400 c. $700 d. $1,650
Who of the following has been prominently accused of acting on the basis of the “edifice complex”?
A. The Environmental Protection Agency B. A. C. Pigou C. The Army Corps of Engineers D. Environmental activists
Which of the following is not classified as a final good?
A. A new car purchased by a family B. A new machine purchased by a business C. New clothing purchased by a college student D. Fresh vegetables purchased by a restaurant
Suppose that a male police officer earns more than a female administrative assistant, but they both have the same amount of education. The difference in wages:
A. can be attributable to the increased danger of being a police officer. B. must be due to discrimination against women among police departments. C. will disappear once the labor market has reached equilibrium. D. is a violation of anti-discrimination laws.